bpost SA/NV

Annual Report • Apr 11, 2014

40 Nr.	Date of the deposition	No. 0214.596.464		PP.	1 E.	EUR D.		C 1.1
			ANNUAL ACCOUNTS IN EURO (2 decimals)
NAME:	BPOST
	Legal form: SADP
	Address: Centre Monnaie / Muntcentrum Nr.: 1
Postal Code:	1000	City: Brussel 1
	Country: Belgium
	Register of Legal Persons (RLP) - Office of the commercial court at:			Bruxelles
	Internet address *:
							Company number:	0214.596.464
DATE	13/06/2013							of the deposition of the partnership deed OR of the most recent document mentioning the date of
	publication of the partnership deed and the act changing the articles of association.
	ANNUAL ACCOUNTS approved by the General Meeting of				14/05/2014
	concerning the financial year covering the period from		1/01/2013			till		31/12/2013
		Previous period from	1/01/2012			till		31/12/2012
	The amounts of the previous financial year are	are not /					** identical to those which have been previously published.
	COMPLETE LIST WITH name, first name, profession, residence-address (address, number, postal code, municipality) and position with the enterprise, OF DIRECTORS, MANAGERS AND AUDITORS
	THIJS JOHNNY
	Klein Overlaer 75, 3320 Hoegaarden, Belgium
	Title : Delegated director
	Mandate : 7/01/2008- 6/01/2014
	DUREZ MARTINE
	Avenue Saint-Pierre 34, 7000 Mons, Belgium
	Title : President of the board of directors Mandate : 17/01/2012- 16/01/2018
	LALLEMAND LUC
	Avenue des Aubépines 1, 1780 Wemmel, Belgium
Title : Director
	Mandate : 17/01/2012- 16/01/2018
	GOETHALS ARTHUR
	Beukendreef 10, 9770 Kruishoutem, Belgium
Title : Director
	Mandate : 17/01/2012- 16/01/2018
	Enclosed to these annual accounts:	MANAGEMENT REPORT, REPORT OF THE AUDITORS
	Total number of pages deposited:	95						Number of the pages of the standard form not deposited for not being
of service:	5.1, 5.2.4, 5.3.4, 5.4.2, 5.5.2, 5.16

Signature (name and position)

DUREZ Martine

Chairperson of the Board of Directors

* Optional statement.

** Delete where appropriate.

VAN GERVEN Koen Managing Director

Signature (name and position) LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page)

PEDERSEN KNUD-BORNE

Kobmandsgarden 48, 4130 Viby Sjaelland, Denmark Title : Director Mandate : 17/01/2012- 16/01/2018

WIND BJARNE

Elmevaenget 37, 2880 Bagsvaerd, Denmark Title : Director Mandate : 17/01/2012- 16/01/2018

VEN CAROLINE

Hoogveld 10, box 1, 2600 Berchem (Antwerpen), Belgium Title : Director Mandate : 17/01/2012- 16/01/2018

LEVAUX LAURENT

Avenue du Maréchal 23, 1180 Brussel 18, Belgium Title : Director Mandate : 17/01/2012- 16/01/2018

CORNELIS FRANCOIS

c/o R.A.B. - Rue d'Arlon 53, 1040 Brussel 4, Belgium Title : Director Mandate : 27/05/2013- 8/05/2019

Pelikaanhof 5, 3090 Overijse, Belgium Title : Director DUTORDOIR SOPHIE Mandate : 27/05/2013- 8/05/2019

HOLTHOF BRUNO

ZNA Sint-Elisabeth - Leopoldstraat 26, 2000 Antwerpen, Belgium Title : Director Mandate : 27/05/2013- 8/05/2019

DUYCK GEERT

Bodegemstraat 132, 1700 Dilbeek, Belgium Title : Director Mandate : 17/01/2012- 25/06/2013

VESTERGAARD-POULSEN SOREN

Mandate : 17/01/2012- 25/06/2013

Chepstow Crescent 6, W11 3EB London, United Kingdom Title : Director

LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page)

ERNST & YOUNG REVISEURS D'ENTREPRISE - BEDRIJFSREVISOREN SCCRL/BCVBA 0446.334.711

De Kleetlaan 2, 1831 Diegem, Belgium

Title : Auditor, Number of membership : B00160

Mandate : 18/04/2012- 15/04/2015

Represented by:

GOLENVAUX ERIC

Zavelstraat 6 , 1970 Wezembeek-Oppem, Belgium

PVMD REVISEURS D'ENTREPRISE - BEDRIJFSREVISOREN 0471.089.804

Rue de l'Yser 207, 4430 Ans, Belgium Title : Auditor, Number of membership : B00416 Mandate : 18/04/2012- 15/04/2015 Represented by: DELVA LIEVEN Gustaaf Callierlaan 238 , 9000 Gent, Belgium

BECKERS JOZEF COUR COMPTES - REKENHOF

Rue de la Régence / Regentschapsstraat 2, 1000 Brussel 1, Belgium Title : Auditor, Number of membership : 00000000 Mandate : 1/10/2013- 30/09/2016

ROLAND PHILIPPE COUR COMPTES - REKENHOF

Rue de la Régence / Regentschapsstraat 2, 1000 Brussel 1, Belgium Title : Auditor, Number of membership : 00000000 Mandate : 1/10/2013- 30/09/2016

DECLARATION ABOUT SUPPLEMENTARY AUDITING OR ADJUSTMENT MISSION

The managing board declares that the assignment neither regarding auditing nor adjusting has been given to a person who was not authorised by law pursuant to art. 34 and 37 of the Law of 22nd April 1999 concerning the auditing and tax professions.

The annual accounts have have not * / been audited or adjusted by an external accountant or auditor who is not a statutory auditor.

If YES, mention here after: name, first names, profession, residence-address of each external accountant or auditor, the number of membership with the professional Institute ad hoc and the nature of this engagement:

• A. Bookkeeping of the undertaking**,
• B. Preparing the annual accounts**,
• C. Auditing the annual accounts and/or
• D. Adjusting the annual accounts.

If the assignment mentioned either under A or B is performed by authorised accountants or authorised accountants-tax consultants, information will be given on: name, first names, profession and residence-address of each authorised accountant or accountanttax consultant, his number of membership with the Professional Institute of Accountants and Tax consultants and the nature of this engagement.

Name, first name, profession, residence-address	Number of membership	Nature of the engagement (A, B, C and/or D)

^* Delete where appropriate.

^** Optional disclosure.

BALANCE SHEET

	Notes	Codes	Period	Previous period
ASSETS
FIXED ASSETS		20/28	792.345.087,71	782.635.194,08
Formation expenses	5.1	20
Intangible fixed assets	5.2	21	24.321.754,98	33.975.586,25
Tangible fixed assets	5.3	22/27	393.657.773,87	413.914.826,11
Land and buildings		22	207.433.535,02	221.304.614,86
Plant, machinery and equipment		23	27.785.193,55	31.095.446,07
Furniture and vehicles		24	49.740.690,38	52.647.274,59
Leasing and other similar rights		25
Other tangible fixed assets		26	108.657.328,99	108.823.984,72
Assets under construction and advance payments		27	41.025,93	43.505,87
	5.4/
Financial fixed assets	5.5.1	28	374.365.558,86	334.744.781,72
Affiliated enterprises	5.14	280/1	374.240.271,75	334.622.504,61
Participating interests		280	291.142.871,36	253.323.768,25
Amounts receivable		281	83.097.400,39	81.298.736,36
Other enterprises linked by participating interests	5.14	282/3
Participating interests		282
Amounts receivable		283
Other financial assets		284/8	125.287,11	122.277,11
Shares		284	40.824,00	40.824,00
Amounts receivable and cash guarantees		285/8	84.463,11	81.453,11
CURRENT ASSETS		29/58	822.313.114,48	1.172.741.305,81
Amounts receivable after more than one year		29
Trade debtors		290
Other amounts receivable		291
Stocks and contracts in progress		3	7.024.636,43	6.391.386,33
Stocks		30/36	7.024.636,43	6.391.386,33
Raw materials and consumables		30/31	3.655.399,77	2.348.560,82
Work in progress		32
Finished goods		33	2.086.407,32	1.922.016,25
Goods purchased for resale		34	1.191.928,59	1.352.935,38
Immovable property intended for sale		35	90.900,75	767.873,88
Advance payments		36
Contracts in progress	5.5.1/	37
Amounts receivable within one year	5.6	40/41	346.994.673,52	340.261.797,66
Trade debtors		40	327.489.242,99	328.616.503,76
Other amounts receivable		41	19.505.430,53	11.645.293,90
Current investments		50/53	6.305.177,15	190.074.886,94
Own shares		50
Other investments and deposits		51/53	6.305.177,15	190.074.886,94
Cash at bank and in hand		54/58	431.914.908,21	602.567.877,44
Deferred charges and accrued income	5.6	490/1	30.073.719,17	33.445.357,44
TOTAL ASSETS		20/58	1.614.658.202,19	1.955.376.499,89

Nr. 0214.596.464 C 2.2

EQUITY AND LIABILITIES	Notes	Codes	Period	Previous period
EQUITY		10/15	437.116.528,08	612.903.447,61
Capital	5.7	10	363.980.448,31	508.469.569,31
Issued capital		100	363.980.448,31	508.469.569,31
Uncalled capital		101
Share premium account Revaluation surpluses		11 12	76.039,96	76.039,96
Reserves		13	50.846.959,34	102.487.211,39
Legal reserve		130	50.846.957,82	72.192.016,82
Reserves not available		131
In respect of own shares held		1310
Other		1311
Untaxed reserves		132		30.295.194,57
Available reserves Accumulated profits (losses) (+)/(-)		133 14	1,52 22.213.080,47	1.870.626,95
Investment grants		15
Advance to associates on the sharing out of the assets		19
PROVISIONS AND DEFERRED TAXES		16	192.225.762,89	330.686.334,62
Provisions for liabilities and charges		160/5	192.225.762,89	330.686.334,62
Pensions and similar obligations		160	29.813.210,73	38.985.365,00
Taxation		161
Major repairs and maintenance		162	1.782.204,97	2.394.074,02
Other liabilities and charges	5.8	163/5	160.630.347,19	289.306.895,60
Deferred taxes		168
AMOUNTS PAYABLE		17/49	985.315.911,22	1.011.786.717,66
Amounts payable after more than one year	5.9	17	81.727.272,73	90.818.181,82
Financial debts		170/4	72.727.272,73	81.818.181,82
Subordinated loans		170
Unsubordinated debentures		171
Leasing and other similar obligations		172
Credit institutions		173	72.727.272,73	81.818.181,82
Other loans		174
Trade debts		175
Suppliers		1750
Bills of exchange payable		1751
Advances received on contracts in progress		176
Other amounts payable		178/9	9.000.000,00	9.000.000,00
Amounts payable within one year		42/48	776.315.452,36	763.666.665,28
Current portion of amounts payable after more than one year falling due within one year	5.9	42	9.090.909,09	9.090.909,09
Financial debts		43	138,16	15.068,47
Credit institutions		430/8	138,16	15.068,47
Other loans		439
Trade debts		44	168.373.842,05	173.462.990,32
Suppliers		440/4	168.373.842,05	173.462.990,32
Bills of exchange payable		441
Advances received on contracts in progress		46	28.201.087,38	9.534.119,45
Taxes, remuneration and social security	5.9	45	419.367.389,02	390.765.512,79
Taxes		450/3	52.215.585,88	15.204.726,04
Remuneration and social security		454/9	367.151.803,14	375.560.786,75
Other amounts payable		47/48	151.282.086,66	180.798.065,16
Accrued charges and deferred income	5.9	492/3	127.273.186,13	157.301.870,56
TOTAL LIABILITIES		10/49	1.614.658.202,19	1.955.376.499,89

INCOME STATEMENT

	Notes	Codes	Period	Previous period
Operating income	5.10	70/74	2.275.002.856,60	2.291.322.533,10
Turnover		70	2.239.530.196,21	2.270.205.088,30
Increase (decrease) in stocks of finished goods, work and contracts in progress (+)/(-)		71	164.391,07	-902.575,39
Own construction capitalised		72
Other operating income		74	35.308.269,32	22.020.020,19
Operating charges		60/64	1.866.894.123,83	1.921.320.827,46
Raw materials, consumables		60	11.820.776,65	10.179.659,93
Purchases		600/8	13.240.125,49	9.803.819,00
Decrease (increase) in stocks (+)/(-)		609	-1.419.348,84	375.840,93
Services and other goods		61	556.805.083,51	580.199.904,47
Remuneration, social security costs and pensions (+)/(-)	5.10	62	1.233.390.323,79	1.290.627.763,08
Depreciation of and amounts written off formation expenses, intangible and tangible fixed assets		630	66.819.193,28	71.108.643,94
Amounts written down stocks, contracts in progress and trade debtors - Appropriations (write-backs) (+)/(-)	5.10	631/4	703.700,91	976.797,13
Provisions for risks and charges - Appropriations (uses and write-backs) (+)/(-)	5.10	635/7	-13.552.063,81	-77.019.295,56
Other operating charges	5.10	640/8	10.907.109,50	45.247.354,47
Operation charges carried to assets as restructuring costs (-)		649
Operating profit (loss) (+)/(-)		9901	408.108.732,77	370.001.705,64
Financial income		75	12.996.495,04	16.335.605,37
Income from financial fixed assets		750	6.770.578,50	7.373.953,60
Income from current assets		751	3.997.650,44	7.696.033,88
Other financial income	5.11	752/9	2.228.266,10	1.265.617,89
Financial charges	5.11	65	5.313.475,32	4.891.035,13
Debt charges		650	387.447,62	1.032.070,88
Amounts written down on current assets except stocks, contracts in progress and trade debtors (+)/(-)		651	-32.213,60	-293.457,78
Other financial charges		652/9	4.958.241,30	4.152.422,03
Gain (loss) on ordinary activities before taxes (+)/(-)		9902	415.791.752,49	381.446.275,88

	Codes	Period	Previous period
Extraordinary income	76	8.205.427,11	14.497.121,00
Write-back of depreciation and of amounts written down intangible and tangible fixed assets	760	6.225.603,21
Write-back of amounts written down financial fixed assets	761		14.279.121,00
Write-back of provisions for extraordinary liabilities and charges	762	1.979.823,90	218.000,00
Gains on disposal of fixed assets	763
Other extraordinary income	764/9
Extraordinary charges	66	17.681.019,55	138.703.756,84
Extraordinary depreciation of and extraordinary amounts written off formation expenses, intangible and tangible fixed assets	660	5.889.135,05	9.126.116,49
Amounts written down financial fixed assets	661	11.590.880,42	2.659.132,43
Provisions for extraordinary liabilities and charges - Appropriations (uses) (+)/(-)	662	-123.129.688,10	-298.782.000,00
Loss on disposal of fixed assets	663
Other extraordinary charges	5.11 664/8	123.330.692,18	425.700.507,92
Extraordinary charges carried to assets as restructuring costs (-)	669
Profit (loss) for the period before taxes (+)/(-)	9903	406.316.160,05	257.239.640,04
Transfer from postponed taxes	780
Transfer to postponed taxes	680
Income taxes	5.12 67/77	158.102.012,86	85.369.013,09
Income taxes	670/3	164.688.385,45	103.814.892,45
Adjustment of income taxes and write-back of tax provisions	77	6.586.372,59	18.445.879,36
Profit (loss) for the period (+)/(-)	9904	248.214.147,19	171.870.626,95
Transfer from untaxed reserves	789
Transfer to untaxed reserves	689
Profit (loss) for the period available for appropriation (+)/(-)	9905	248.214.147,19	171.870.626,95

APPROPRIATION ACCOUNT

	Codes	Period	Previous period
Profit (loss) to be appropriated (+)/(-)	9906	250.084.774,14	116.560.025,06
Gain (loss) to be appropriated (+)/(-)	(9905)	248.214.147,19	171.870.626,95
Profit (loss) to be carried forward (+)/(-)	14P	1.870.626,95	-55.310.601,89
Transfers from capital and reserves	791/2	72.985.311,05	111.310.601,89
from capital and share premium account	791		55.310.601,89
from reserves	792	72.985.311,05	56.000.000,00
Transfers to capital and reserves	691/2	21.345.059,00	28.000.000,00
to capital and share premium account	691
to the legal reserve	6920
to other reserves	6921	21.345.059,00	28.000.000,00
Profit (loss) to be carried forward (+)/(-)	(14)	22.213.080,47	1.870.626,95
Owner's contribution in respect of losses	794
Profit to be distributed	694/6	279.511.945,72	198.000.000,00
Dividends	694	279.511.945,72	198.000.000,00
Director's or manager's entitlements	695
Other beneficiaries	696

STATEMENT OF INTANGIBLE FIXED ASSETS

	Codes	Period	Previous period
RESEARCH AND DEVELOPMENT COSTS
Acquisition value at the end of the period	8051P	xxxxxxxxxxxxxxx	56.516.687,74
Movements during the period
Acquisitions, including produced fixed assets	8021
Sales and disposals	8031
Transfers from one heading to another (+)/(-)	8041
Acquisition value at the end of the period	8051	56.516.687,74
Depreciation and amounts written down at the end of the period	8121P	xxxxxxxxxxxxxxx	56.498.783,73
Movements during the period
Recorded	8071	8.022,84
Written back	8081
Acquisitions from third parties	8091
Cancelled owing to sales and disposals	8101
Transfers from one heading to another (+)/(-)	8111
Depreciation and amounts written down at the end of the period	8121	56.506.806,57
NET BOOK VALUE AT THE END OF THE PERIOD	210	9.881,17

	Codes	Period	Previous period
CONCESSIONS, PATENTS, LICENCES, KNOWHOW, BRANDS AND SIMILAR RIGHTS
Acquisition value at the end of the period	8052P	xxxxxxxxxxxxxxx	67.572.973,29
Movements during the period
Acquisitions, including produced fixed assets	8022	2.737.424,34
Sales and disposals	8032	3.011.149,60
Transfers from one heading to another (+)/(-)	8042	-833.633,97
Acquisition value at the end of the period	8052	66.465.614,06
Depreciation and amounts written down at the end of the period	8122P	xxxxxxxxxxxxxxx	46.511.402,40
Movements during the period
Recorded	8072	6.777.998,47
Written back	8082
Acquisitions from third parties	8092
Cancelled owing to sales and disposals	8102	3.011.149,60
Transfers from one heading to another (+)/(-)	8112
Depreciation and amounts written down at the end of the period	8122	50.278.251,27
NET BOOK VALUE AT THE END OF THE PERIOD	211	16.187.362,79

	Codes	Period	Previous period
GOODWILL
Acquisition value at the end of the period	8053P	xxxxxxxxxxxxxxx	43.334.667,83
Movements during the period
Acquisitions, including produced fixed assets	8023	376.294,00
Sales and disposals	8033
Transfers from one heading to another (+)/(-)	8043
Acquisition value at the end of the period	8053	43.710.961,83
Depreciation and amounts written down at the end of the period	8123P	xxxxxxxxxxxxxxx	30.438.556,48
Movements during the period
Recorded	8073	5.147.894,33
Written back	8083
Acquisitions from third parties	8093
Cancelled owing to sales and disposals	8103
Transfers from one heading to another (+)/(-)	8113
Depreciation and amounts written down at the end of the period	8123	35.586.450,81
NET BOOK VALUE AT THE END OF THE PERIOD	212	8.124.511,02

STATEMENT OF TANGIBLE FIXED ASSETS

	Codes	Period	Previous period
LAND AND BUILDINGS
Acquisition value at the end of the period	8191P	xxxxxxxxxxxxxxx	654.469.566,23
Movements during the period
Acquisitions, including produced fixed assets	8161	1.005.932,87
Sales and disposals	8171	19.503.459,39
Transfers from one heading to another (+)/(-)	8181	-2.270.333,75
Acquisition value at the end of the period	8191	633.701.705,96
Revaluation surpluses at the end of the period	8251P	xxxxxxxxxxxxxxx	1.512.519,28
Movements during the period
Recorded	8211
Acquisitions from third parties	8221
Cancelled	8231
Transfers from one heading to another (+)/(-)	8241
Revaluation surpluses at the end of the period	8251	1.512.519,28
Depreciation and amounts written down at the end of the period	8321P	xxxxxxxxxxxxxxx	434.677.470,65
Movements during the period
Recorded	8271	18.832.282,17
Written back	8281	6.225.603,21
Acquisitions from third parties	8291
Cancelled owing to sales and disposals	8301	19.503.459,39
Transfers from one heading to another (+)/(-)	8311
Depreciation and amounts written down at the end of the period	8321	427.780.690,22
NET BOOK VALUE AT THE END OF THE PERIOD	(22)	207.433.535,02

	Codes	Period	Previous period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period	8192P	xxxxxxxxxxxxxxx	167.760.075,98
Movements during the period
Acquisitions, including produced fixed assets	8162	3.497.552,65
Sales and disposals	8172	11.180.159,18
Transfers from one heading to another (+)/(-)	8182	46.336,55
Acquisition value at the end of the period	8192	160.123.806,00
Revaluation surpluses at the end of the period	8252P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8212
Acquisitions from third parties	8222
Cancelled	8232
Transfers from one heading to another (+)/(-)	8242
Revaluation surpluses at the end of the period	8252
Depreciation and amounts written down at the end of the period	8322P	xxxxxxxxxxxxxxx	136.664.629,91
Movements during the period
Recorded	8272	7.104.159,58
Written back	8282
Acquisitions from third parties	8292
Cancelled owing to sales and disposals	8302	11.430.159,18
Transfers from one heading to another (+)/(-)	8312	-17,86
Depreciation and amounts written down at the end of the period	8322	132.338.612,45
NET BOOK VALUE AT THE END OF THE PERIOD	(23)	27.785.193,55

	Codes	Period	Previous period
FURNITURE AND VEHICLES
Acquisition value at the end of the period	8193P	xxxxxxxxxxxxxxx	179.346.275,07
Movements during the period
Acquisitions, including produced fixed assets	8163	13.017.408,89
Sales and disposals	8173	6.117.542,50
Transfers from one heading to another (+)/(-)	8183	-46.336,55
Acquisition value at the end of the period	8193	186.199.804,91
Revaluation surpluses at the end of the period	8253P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8213
Acquisitions from third parties	8223
Cancelled	8233
Transfers from one heading to another (+)/(-)	8243
Revaluation surpluses at the end of the period	8253
Depreciation and amounts written down at the end of the period	8323P	xxxxxxxxxxxxxxx	126.699.000,48
Movements during the period
Recorded	8273	15.877.638,69
Written back	8283
Acquisitions from third parties	8293
Cancelled owing to sales and disposals	8303	6.117.542,50
Transfers from one heading to another (+)/(-)	8313	17,86
Depreciation and amounts written down at the end of the period	8323	136.459.114,53
NET BOOK VALUE AT THE END OF THE PERIOD	(24)	49.740.690,38

	Codes	Period	Previous period
OTHER TANGIBLE FIXED ASSETS
Acquisition value at the end of the period	8195P	xxxxxxxxxxxxxxx	202.344.828,58
Movements during the period
Acquisitions, including produced fixed assets	8165	23.639.573,68
Sales and disposals	8175	15.840.346,05
Transfers from one heading to another (+)/(-)	8185	-5.172.888,18
Acquisition value at the end of the period	8195	204.971.168,03
Revaluation surpluses at the end of the period	8255P	xxxxxxxxxxxxxxx	7.441.694,16
Movements during the period
Recorded	8215
Acquisitions from third parties	8225
Cancelled	8235
Transfers from one heading to another (+)/(-)	8245
Revaluation surpluses at the end of the period	8255	7.441.694,16
Depreciation and amounts written down at the end of the period	8325P	xxxxxxxxxxxxxxx	100.962.538,02
Movements during the period
Recorded	8275	18.633.341,23
Written back	8285
Acquisitions from third parties	8295
Cancelled owing to sales and disposals	8305	15.840.346,05
Transfers from one heading to another (+)/(-)	8315
Depreciation and amounts written down at the end of the period	8325	103.755.533,20
NET BOOK VALUE AT THE END OF THE PERIOD	(26)	108.657.328,99

	Codes	Period	Previous period
ASSETS UNDER CONSTRUCTION AND ADVANCED PAYMENTS
Acquisition value at the end of the period	8196P	xxxxxxxxxxxxxxx	43.505,87
Movements during the period
Acquisitions, including produced fixed assets	8166	1.261.116,29
Sales and disposals	8176
Transfers from one heading to another (+)/(-)	8186	-948.882,19
Acquisition value at the end of the period	8196	355.739,97
Revaluation surpluses at the end of the period	8256P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8216
Acquisitions from third parties	8226
Cancelled	8236
Transfers from one heading to another (+)/(-)	8246
Revaluation surpluses at the end of the period	8256
Depreciation and amounts written down at the end of the period	8326P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8276	314.714,04
Written back	8286
Acquisitions from third parties	8296
Cancelled owing to sales and disposals	8306
Transfers from one heading to another (+)/(-)	8316
Depreciation and amounts written down at the end of the period	8326	314.714,04
NET BOOK VALUE AT THE END OF THE PERIOD	(27)	41.025,93

STATEMENT OF FINANCIAL FIXED ASSETS

	Codes	Period	Previous period
AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8391P	xxxxxxxxxxxxxxx	335.500.530,04
Movements during the period
Acquisitions, including produced fixed assets	8361	72.011.616,75
Sales and disposals	8371	22.601.633,22
Transfers from one heading to another (+)/(-)	8381
Acquisition value at the end of the period	8391	384.910.513,57
Revaluation surpluses at the end of the period	8451P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8411
Acquisitions from third parties	8421
Cancelled	8431
Transfers from one heading to another (+)/(-)	8441
Revaluation surpluses at the end of the period	8451
Amounts written down at the end of the period	8521P	xxxxxxxxxxxxxxx	81.405.761,79
Movements during the period
Recorded	8471	11.590.880,42
Written back	8481
Acquisitions from third parties	8491
Cancelled owing to sales and disposals	8501
Transfers from one heading to another (+)/(-)	8511
Amounts written down at the end of the period	8521	92.996.642,21
Uncalled amounts at the end of the period	8551P	xxxxxxxxxxxxxxx	771.000,00
Movements during the period (+)/(-)	8541
Uncalled amounts at the end of the period	8551	771.000,00
NET BOOK VALUE AT THE END OF THE PERIOD	(280)	291.142.871,36
AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	281P	xxxxxxxxxxxxxxx	81.298.736,36
Movements during the period
Additions	8581	3.555.327,90
Repayments	8591
Amounts written down	8601
Amounts written back	8611
Exchange differences (+)/(-)	8621
Other (+)/(-)	8631	-1.756.663,87
NET BOOK VALUE AT THE END OF THE PERIOD	(281)	83.097.400,39
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8651

	Codes	Period	Previous period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	xxxxxxxxxxxxxxx	40.824,00
Movements during the period
Acquisitions, including produced fixed assets	8363
Sales and disposals	8373
Transfers from one heading to another (+)/(-)	8383
Acquisition value at the end of the period	8393	40.824,00
Revaluation surpluses at the end of the period	8453P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8413
Acquisitions from third parties	8423
Cancelled	8433
Transfers from one heading to another (+)/(-)	8443
Revaluation surpluses at the end of the period	8453
Amounts written down at the end of the period	8523P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8473
Written back	8483
Acquisitions from third parties	8493
Cancelled owing to sales and disposals	8503
Transfers from one heading to another (+)/(-)	8513
Amounts written down at the end of the period	8523
Uncalled amounts at the end of the period	8553P	xxxxxxxxxxxxxxx
Movements during the period (+)/(-)	8543
Uncalled amounts at the end of the period	8553
NET BOOK VALUE AT THE END OF THE PERIOD	(284)	40.824,00
OTHER ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	285/8P	xxxxxxxxxxxxxxx	81.453,11
Movements during the period
Additions	8583	3.010,00
Repayments	8593
Amounts written down	8603
Amounts written back	8613
Exchange differences (+)/(-)	8623
Other (+)/(-)	8633
NET BOOK VALUE AT THE END OF THE PERIOD	(285/8)	84.463,11
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8653

INFORMATION RELATING TO THE SHARE IN THE CAPITAL

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

List of both enterprises in wich the enterprise holds a participating interest (recorded in the heading 28 of assets) and other enterprises in which the enterprise holds rights (recorded in the headings 28 and 50/53 of assets) in the amount of at least 10% of the capital issued.

		Shares held by		Information from the most recent period for which annual accounts are available
NAME, full address of the REGISTERED OFFICE and for the enterprise governed by Belgian law, the COMPANY NUMBER	directly		subsi diaries	Primary	Mone	Capital and reserves	Net result
	Number	%	%	financial statement	tary unit	(+) or (-) (in monetary units)
Banque de La Poste PLC Boulevard Anspach 1 1000 Brussel 1 Belgium 0456.038.471				31/12/2012	EUR	231.187.000	7.920.000
Shares without nominal value CERTIPOST PLC Muntcentrum / Centre Monnaie 1000 Brussel 1 Belgium 0475.396.406	300000	50,00	0,00	31/12/2012	EUR	7.151.488	2.094.007
Shares without nominal value DELTAMEDIA PLC Muntcentrum / Centre Monnaie 1000 Brussel 1 Belgium 0424.368.565		8260 100,00	0,00	31/12/2012	EUR	2.237.730	-2.662.655
Shares without nominal value EUROSPRINTERS PLC Muntcentrum / Centre Monnaie 1000 Brussel 1 Belgium 0447.703.597	71499	99,99	0,01	31/12/2012	EUR	8.474.737	-3.124.095
Shares without nominal value EXBO SERVICES INTERNATIONAL PLC Muntcentrum / Centre Monnaie 1000 Brussel 1 Belgium 0472.598.153	21676	99,99	0,01	31/12/2012	EUR	2.958.081	392.948
Shares without nominal value SPEOS BELGIUM PLC Muntcentrum / Centre Monnaie 1000 Brussel 1 Belgium 0427.627.864	3419	99,97	0,03	31/12/2012	EUR	7.030.323	1.624.906
Shares without nominal value ALTERIS PLC Muntcentrum / Centre Monnaie 1000 Brussel 1 Belgium 0474.218.449	77413 100,00		0,00	31/12/2012	EUR	97.978.775	5.451.243
Shares without nominal value	4099999	99,99	0,01

INFORMATION RELATING TO THE SHARE IN THE CAPITAL

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

NAME, full address of the REGISTERED		Shares held by		Information from the most recent period for which annual accounts are available
OFFICE and for the enterprise governed by Belgian law, the COMPANY NUMBER	directly		subsi diaries	Primary	Mone	Capital and reserves	Net result
	Number	%	%	financial statement	tary unit	(+) or (-) (in monetary units)
BELGIAN POST INTERNATIONAL PLC Muntcentrum / Centre Monnaie 1000 Brussel 1 Belgium 0889.142.877				31/12/2012	EUR	1.139.815	-768.439
Shares without nominal value		615 100,00	0,00
BPOST INTERNATIONAL (UK) LIMITED Unit A1, Parkway, Cranford Lane TW59QA Heston United Kingdom				31/12/2012	GBP	-336.046	-336.897
Ordinary shares	32497599 100,00		0,00
LANDMARK GLOBAL INC. 212 Anacapa Street CA93101 Santa Barbara United States of America				31/12/2012	USD	1.878.787	-31.092
Ordinary shares	30445496	51,00	0,00
LANDMARK TRADE SERVICES LIMITED 5130 Halford drive N9A6J3 Windsor Ontario Canada				31/12/2012	CAD	424.993	139.701
Ordinary shares	102	51,00	0,00
BPOST US HOLDINGS INC. 2711 Centeville Road, Suite 400 19808 City of Wilmington, County of New Castle United States of America					USD	0	0
Ordinary shares	500000 100,00		0,00

22/95

OTHER INVESTMENTS AND DEPOSIT, DEFFERED CHARGES AND ACCRUED INCOME (ASSETS)

	Codes	Period	Previous period
INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS
Shares	51
Book value increased with the uncalled amount	8681
Uncalled amount	8682
Fixed income securities	52
Fixed income securities issued by credit institutions	8684
Fixed term deposit with credit institutions	53	6.305.177,15	190.074.886,94
Falling due
less or up to one month	8686
between one month and one year	8687	6.305.177,15	190.074.886,94
over one year	8688
Other investments not yet shown seperately	8689

DEFFERED CHARGES AND ACCRUED INCOME

Allocation of heading 490/1 of assets if the amount is significant.

• 491 REVENUE FOR DELIVERIES AND SERVICES, COMMISSIONS 18.069.584,94
• 491 FINANCIAL INCOME RECEIVED 65.252,51

490 RENT PAID 2.126.882,24 490 OTHERS 9.811.999,48

Period

STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS

STATEMENT OF CAPITAL

Social capital

Issued capital at the end of the period
Issued capital at the end of the period

Codes	Period	Previous period
100P	XXXXXXXXXXXXXX	508.469.569,31
(100)	363.980.448.31

	Codes	Amounts	Number of shares
Changes during the period:
Decapitalization		-144.489.121,00
Structure of the capital Different categories of shares
S.F.P.I. + THE BELGIAN STATE		181.991.112,26	100.000.960
Post Invest Europe sàrl		7.392,41	4.062
POST EMPLOYEES		1.669.670,53	917.455
Free float shares		180.312.273,11	99.078.467
Registered shares	8702	XXXXXXXXXXXXX	100.002.923
Bearer shares and/or dematerialized shares	8703	XXXXXXXXXXXXX	99.998.021

	Codes	Uncalled capital	Capital called, but not paid
Capital not paid
Uncalled capital	(101)		XXXXXXXXXXXXXX
Capital called, but not paid	8712	XXXXXXXXXXXXXX
Shareholders having yet to pay up in full

STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS

	Codes	Period
OWN SHARES
Held by the company itself
Amount of capital held	8721
Number of shares held	8722
Held by the subsidiaries
Amount of capital held	8731
Number of shares held	8732
Commitments to issue shares
Following the exercising of CONVERSION RIGHTS
Amount of outstanding convertible loans	8740
Amount of capital to be subscribed	8741
Corresponding maximum number of shares to be issued	8742
Following the exercising of SUBSCRIPTION RIGHTS
Number of outstanding subscription rights	8745
Amount of capital to be subscribed	8746
Corresponding maximum number of shares to be issued	8747
Authorized capital, not issued	8751

	Codes	Period
Shared issued, not representing capital
Distribution
Number of shares held	8761
Number of voting rights attached thereto	8762
Allocation by shareholder
Number of shares held by the company itself	8771
Number of shares held by its subsidairies	8781

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

	Period
ALLOCATION OF THE HEADING 163/5 OF LIABILITIES IF THE AMOUNT IS CONSIDERABLE
1636 ACCRUAL FOR RISK FOR LOSSES & COSTS ON PEND	37.619.806,89
1637 ACCRUAL FOR RISK & COSTS ON STAFF	114.508.088,31
1639 ACCRUAL FOR RISK FOR LOSSES & COSTS OTHER THAN OPERATIONS	796.448,62
1640 ACCRUAL FOR INSURANCE FUND	7.706.003,37

Financial debts	8801	9.090.909,09
Subordinated loans	8811
Unsubordinated debentures	8821
Leasing and other similar obligations	8831
Credit institutions	8841	9.090.909,09
Other loans	8851
Trade debts	8861
Suppliers	8871
Bills of exchange payable	8881
Advance payments received on contracts in progress	8891
Other amounts payable	8901
Total amounts payable after more than one year, not more than one year	(42)	9.090.909,09
Amounts payable after more than one year, between one and five years
Financial debts	8802	36.363.636,36
Subordinated loans	8812
Unsubordinated debentures	8822
Leasing and other similar obligations	8832
Credit institutions	8842	36.363.636,36
Other loans	8852
Trade debts	8862
Suppliers	8872
Bills of exchange payable	8882
Advance payments received on contracts in progress	8892
Other amounts payable	8902	9.000.000,00
Total amounts payable after more than one year, between one and five years	8912	45.363.636,36
Amounts payable after more than one year, over five years
Financial debts	8803	36.363.636,37
Subordinated loans	8813
Unsubordinated debentures	8823
Leasing and other similar obligations	8833
Credit institutions	8843	36.363.636,37
Other loans	8853
Trade debts	8863
Suppliers	8873
Bills of exchange payable	8883
Advance payments received on contracts in progress	8893
Other amounts payable	8903
Total amounts payable after more than one year, over five years	8913	36.363.636,37

	Codes	Period
AMOUNTS PAYABLE GUARANTEED (headings 17 and 42/48 of liabilities)
Amounts payable guaranteed by Belgian public authorities
Financial debts	8921	81.818.181,82
Subordinated loans	8931
Unsubordinated debentures	8941
Leasing and other similar obligations	8951
Credit institutions	8961	81.818.181,82
Other loans	8971
Trade debts	8981
Suppliers	8991
Bills of exchange payable	9001
Advance payments received on contracts in progress	9011
Remuneration and social security	9021
Other amounts payable	9051
Total amounts payable guaranteed by Belgian public authorities	9061	81.818.181,82
Amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets
Financial debts	8922
Subordinated loans	8932
Unsubordinated debentures	8942
Leasing and other similar obligations	8952
Credit institutions	8962
Other loans	8972
Trade debts	8982
Suppliers	8992
Bills of exchange payable	9002
Advance payments received on contracts in progress	9012
Taxes, remuneration and social security	9022
Taxes	9032
Remuneration and social security	9042
Other amounts payable	9052
Total amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets	9062
AMOUNTS PAYABLE FOR TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (heading 450/3 of the liabilities)
Expired taxes payable	9072
Non expired taxes payable	9073
Estimated taxes payable	450	52.215.585,88
Remuneration and social security (heading 454/9 of the liabilities)
Amount due to the National Office of Social Security	9076
Other amounts payable relating to remuneration and social security	9077	367.151.803,14

OPERATING RESULTS

	Codes	Period	Previous period
OPERATING INCOME
Net turnover
Broken down by categories of activity
Allocation into geographical markets
Other operating income
Total amount of subsidies and compensatory amounts obtained from public authorities	740
OPERATING COSTS
Employees for whom the company has submitted a DIMONA declaration or are recorded in the general personnel register
Total number at the closing date	9086	28.112	29.382
Average number of employees calculated in full-time equivalents	9087	25.305,6	26.463,6
Number of actual worked hours	9088	37.956.812	38.903.667
Personnel costs
Remuneration and direct social benefits	620	986.303.737,08	1.035.995.966,31
Employers' social security contributions	621	205.962.845,22	212.015.868,39
Employers' premiums for extra statutory insurances	622	4.628.620,53	5.010.490,70
Other personnel costs	623	36.495.120,96	37.605.437,68
Old-age and widows' pensions	624
Provisions for pensions
Additions (uses and write-back) (+)/(-)	635	-9.172.154,27	-12.225.177,73
Amounts written off
Stocks and contracts in progress
Recorded	9110	597.769,65	39.576,54
Written back	9111	324.252,97	338.925,22
Trade debtors
Recorded	9112	430.184,23	1.276.145,81
Written back	9113
Provisions for risks and charges
Additions	9115	39.557.581,09	65.676.018,43
Uses and write-back	9116	53.109.644,90	142.695.313,99
Other operating charges
Taxes related to operation	640	8.219.743,61	5.980.991,72
Other charges	641/8	2.687.365,89	39.266.362,75
Hired temporary staff and persons placed at the enterprise's disposal
Total number at the closing date	9096
Average number calculated as full-time equivalents	9097	603,0	822,0
Number of actual worked hours	9098	1.192.201	1.623.759
Charges to the enterprise	617	28.077.891,69	39.307.786,40

FINANCIAL AND EXTRAORDINARY RESULTS

	Codes	Period	Previous period
FINANCIAL RESULTS
Other financial income
Amount of subsidies granted by public authorities, credited to income for the period
Capital subsidies	9125
Interest subsidies	9126
Allocation of other financial income
Other : exchange differences		2.227.135,69	1.262.705,86
Others		1.130,41	2.912,03
Amounts written down off loan issue expenses and repayment premiums	6501
Intercalary interests recorded as assets	6503
Value adjustments to current assets
Appropriations	6510	1.014.054,28	1.322.175,22
Write-backs	6511	1.046.267,88	1.615.633,00
Other financial charges
Amount of the discount borne by the enterprise, as a result of negotiating amounts receivable	653
Provisions of a financial nature
Appropriations	6560
Uses and write-backs	6561
Allocation of other financial charges
654 Charges realised on exchange differences		3.515.511,62	2.317.723,02
655 Cash differences		533.032,76	651.508,64
658 Costs on banktransactions		846.414,81	898.619,16
659 Commissions on Postal mandates		110.220,62	284.571,21
659 Other		-46.938,51

	Period
EXTRAORDINARY RESULTS
Allocation other extraordinary income
Allocation other extraordinary charges
668 DECISION OF THE EUROPEAN COMMISSION	123.330.692,18

INCOME TAXES AND OTHER TAXES

	Codes	Period
INCOME TAXE
Income taxes on the result of the current period	9134	160.198.644,03
Income taxes paid and withholding taxes due or paid	9135	120.187.798,71
Excess of income tax prepayments and withholding taxes recorded under assets	9136
Estimated additional taxes	9137	40.010.845,32
Income taxes on previous periods	9138	4.489.741,42
Taxes and withholding taxes due or paid	9139
Estimated additional taxes estimated or provided for	9140	4.489.741,42
In so far as income taxes of the current period are materially affected by differences between the profit before taxes, as stated in the annual accounts, and the estimated taxable profit
DISALLOWED COSTS		33.075.615,38
DEFENITIV REVENUE EXEMPTION		-6.432.050,00
NOTIONNEL INTRESTS		-4.830.662,42
LEVY UNTAXED RESERVES		30.295.194,00
TRANSFER FROM UNTAXED RESERVES TO AVAILABLE RESERVES		21.345.059,00

An indication of the effect of extraordinary results on the amount of income taxes relating to the current period

	Codes	Period	Previous Period
THE TOTAL AMOUNT OF VALUE ADDED TAX AND TAXES BORNE BY THIRD PARTIES
The total amount of value added tax charged
To the enterprise (deductible)	9145	13.208.327,61	4.663.651,93
By the enterprise	9146	35.080.770,56	33.420.845,31
Amounts retained on behalf of third parties for
Payroll withholding taxes	9147	220.394.866,49	240.475.130,16
Withholding taxes on investment income	9148	13.999.391,17	241,56

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

	Code	Period
PERSONAL GUARANTEES GIVEN OR IRREVOCABLY PROMISED BY THE ENTERPRISE AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES	9149
Of which
Bills of exchange in circulation endorsed by the enterprise	9150
Bills of exchange in circulation drawn or guaranteed by the enterprise	9151
Maximum amount for which other debts or commitments of third parties are guaranteed by the enterprise	9153
REAL GUARANTEES
Real guarantees given or irrevocably promised by the enterprise on its own assets as a security of debts and commitments from the enterprise
Mortgages
Book value of the immovable proporties mortgaged	9161
Amount of registration	9171
Pledging on goodwill - amount of registration	9181
Pledging of other assets - Book value of other assets pledged	9191
Guarantees provided on future assets - Amount of assets involved	9201
Real guarantees given or irrevocably promised by the enterprise on its own assets as a security of debts and commitments from third parties
Mortgages
Book value of the immovable proporties mortgaged	9162
Amount of registration	9172
Pledging on goodwill - amount of registration	9182
Pledging of other assets - Book value of other assets pledged	9192
Guarantees provided on future assets - Amount of assets involved	9202
GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE
SUBSTANCIAL COMMITMENTS TO ACQUIRE FIXED ASSETS
SUBSTANCIAL COMMITMENTS TO DISPOSE FIXED ASSETS
FORWARD TRANSACTIONS
Goods purchased (to be received)	9213
Goods sold (to be delivered)	9214
Currencies purchased (to be received)	9215
Currencies sold (to be delivered)	9216

INFORMATION RELATING TO TECHNICAL GUARANTEES, IN RESPECT OF SALES OR SERVICES

INFORMATION CONCERNING IMPORTANT LITIGATION AND OTHER COMMITMENTS NOT MENTIONED ABOVE DO MY MOVE - engagement for free services: 1 504 525,50 €

Consignment goods: 513 071,87 €

Credit Lines : 43 607 946,76 €

Bank guarantee : 39 666 545,89 €

Situation with the State : -9 087 479,72 €

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

INFORMATION CONCERNING IMPORTANT LITIGATION AND OTHER COMMITMENTS NOT MENTIONED ABOVE

Cf. Management Report 2013, point 5 : 'Risks and uncertainties'

IF THEREIS A SUPPLEMENTARY RETIREMENTS OR SURVIVOR'S PENSION PLAN IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE ENTERPRISE, A BRIEF DESCRIPTION OF SUCH PLAN OF THE MEASURES TAKEN BY THE ENTERPRISE TO COVER THE RESULTING CHARGES

A group insurance is granted to baremic contractual and non-baremic contractual employees with at least function "F".

	Code	Period
PENSIONS FUNDED BY THE ENTERPRISE
Estimated amount of the commitments resulting for the enterprise from past services	9220

Methods of estimation

NATURE AND BUSINESS PURPOSE OF OFF-BALANCE SHEET ARRANGEMENTS

Provided the risks or benefits arising from such arrangements are material and where the disclosure of such risks or benefits is necessary for assessing the financial position of the company; if required, the financial impact of these arrangements have to be mentioned too:

OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE

RELATIONSHIPS WITH AFFILIATED ENTERPRISES AND ENTERPRISES LINKED BY PARTICIPATING INTERESTS

	Codes	Period	Previous period
AFFILIATED ENTERPRISES
Financial fixed assets	(280/1)	374.240.271,75	334.622.504,61
Investments	(280)	291.142.871,36	253.323.768,25
Amounts receivable subordinated	9271
Other amounts receivable	9281	83.097.400,39	81.298.736,36
Amounts receivable	9291	18.418.770,25	11.338.971,89
After one year	9301
Within one year	9311	18.418.770,25	11.338.971,89
Current investments	9321
Shares	9331
Amounts receivable	9341
Amounts payable	9351	17.418.563,58	14.903.558,13
After one year	9361	9.000.000,00	9.000.000,00
Within one year	9371	8.418.563,58	5.903.558,13
Personal and real guarantees
Provided or irrevocably promised by the enterprise, as security for debts or
commitments of affiliated enterprises	9381
Provided or irrevocably promised by affiliated enterprises as security for debts or commitments of the enterprise	9391
Other substancial financial commitments	9401
Financial results
Income from financial fixed assets	9421	6.770.578,50	7.373.953,60
Income from current assets	9431	2.737.144,87	2.974.828,30
Other financial income	9441
Debts charges	9461
Other financial charges	9471
Gains and losses on disposal of fixed assets
Obtained capital gains	9481
Obtained capital losses	9491
ENTERPRISES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets	(282/3)
Investments	(282)
Amounts receivable subordinated	9272
Other amounts receivable	9282
Amounts receivable	9292
After one year	9302
Within one year	9312
Amounts payable	9352
After one year	9362
Within one year	9372

TRANSACTIONS WITH RELATED PARTIES OUTSIDE NORMAL MARKET CONDITIONS

Mention of such operations if they are material, stating the amount of these transactions, the nature of the relationship with the related party and other information about the transactions necessary for the understanding of the financial position of the company:

Nil

	Codes	Period
DIRECTORS AND MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE PERSONS, OTHER ENTERPRISES CONTROLLED BY THE SUB B. MENTIONED PERSONS WITHOUT BEING ASSOCIATED THEREWITH
Amounts receivable from these persons	9500
Conditions on amounts receivable
Guarantees provided in their favour	9501
Guarantees provided in their favour - Main condition
Other significant commitments undertaken in their favour	9502
Other significant commitments undertaken in their favour - Main condition
Amount of direct and indirect remunerations and pensions, included in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person
To directors and managers	9503
To former directors and former managers	9504

	Codes	Period
AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees	9505	235.000,00
Fees for exceptional services or special missions executed in the company by the auditor
Other attestation missions	95061	66.500,00
Tax consultancy	95062
Other missions external to the audit	95063
Fees for exceptional services or special missions executed in the company by people they are linked to
Other attestation missions	95081
Tax consultancy	95082
Other missions external to the audit	95083

Mention related to article 133 paragraph 6 from the Companies Code

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

INFORMATION THAT MUST BE PROVIDED BY EACH COMPANY, THAT IS SUBJECT OF COMPANY LAW ON THE CONSOLIDATED ANNUAL ACCOUNTS OF ENTERPRISES

The enterprise has drawn up publiced a consolidated annual statement of accounts and a management report*

The enterprise has not published a consolidated annual statement of accounts and a management report, since it is exempt for this obligation for the following reason*

The enterprise and its subsidiaries on consolidated basis exceed not more than one of the limits mentioned in art. 16 of Company Law*

The enterprise itself is a subsidiary of an enterprise which does prepare and publish consolidated accounts, in which her yearly statement of accounts is included*

If yes, justification of the compliance with all conditions for exemption set out in art. 113 par. 2 and 3 of Company Law:

Name, full address of the registered office and, for an enterprise governed by Belgian Law, the company number of the parent company preparing and publishing the consolidated accounts required:

INFORMATION TO DISCLOSE BY THE REPORTING ENTERPRISE BEING A SUBSIDIARY OR A JOINT SUBSIDIARY

Name, full address of the registered office and, for an enterprise governed by Belgian Law, the company number of the parent company(ies) and the specification whether the parent company(ies) prepare(s) and publish(es) consolidated annual accounts in which the annual accounts of the enterprise are included**

If the parent company(ies) is (are) (an) enterprise(s) governed by foreign law disclose where the consolidated accounts can be obtained**

^* Delete where no appropriate.

^** Where the accounts of the enterprise are consolidated at different levels, the information should be given for the consolidated aggregate at the highest level on the one hand and the lowest level on the other hand of which the enterprise is a subsidiary and for which consolidated accounts are prepared and published. 37/95

FINANCIAL RELATIONSHIPS OF THE GROUP LED BY THE COMPANY IN BELGIUM WITH THE AUDITOR(S) OR PEOPLE HE (THEY) IS (ARE) LINKED TO

	Codes	Period
Mentions related to article 134, paragraphs 4 and 5 from the Companies Law
Auditor's fees for carrying out an auditor's mandate on the level of the group led by the company that publishes the information	9507	325.000,00
Fees for exceptional services or special missions executed in this group by the auditor(s)
Other attestation missions	95071	73.000,00
Tax consultancy	95072
Other missions external to the audit	95073
Fees for the people they are linked to the auditor(s) for carrying out an auditor's mandate on the level of the group led by the company that publishes the information	9509
Fees for exceptional services or special missions executed in this group by the people they are linked to the auditor(s)
Other attestation missions	95091
Tax consultancy	95092
Other missions external to the audit	95093

Mention related to article 133, paragraph 6 from the Companies Law

SOCIAL REPORT

Numbers of joint industrial committees which are competent for the enterprise:

STATEMENT OF THE PERSONS EMPLOYED EMPLOYEES FOR WHOM THE COMPANY HAS SUBMITTED A DIMONA DECLARATION OR ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

During the period	Codes	Total	1. Men	2. Women
Average number of employees
Full-time	1001	20.121,1	14.707,3	5.413,8
Part-time	1002	8.944,2	4.570,9	4.373,3
Total of full-time equivalents (FTE)	1003	25.305,6	17.338,3	7.967,3
Number of hours actually worked
Full-time	1011	26.522.710	20.093.770	6.428.940
Part-time	1012	11.434.102	6.242.740	5.191.362
Total	1013	37.956.812	26.336.510	11.620.302
Personnel costs
Full-time	1021	985.355.529,68	720.294.892,20	265.060.637,48
Part-time	1022	248.034.794,11	127.390.670,25	120.644.123,86
Total	1023	1.233.390.323,79	847.685.562,45	385.704.761,34
Advantages in addition to wages	1033	1.166.200,80	750.180,90	416.019,90

During the previous period	Codes	P. Total	1P. Men	2P. Women
Average number of employees	1003	26.463,6
Number of hours actually worked	1013	38.903.667
Personnel costs	1023	1.290.627.763,08
Advantages in addition to wages	1033	886.667,00

At the closing date of the period	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
Number of employees	105	19.703	8.409	24.614,6
By nature of the employment contract
Contract for an indefinite period	110	19.412	8.300	24.293,7
Contract for a definite period	111	291	109	320,9
Contract for the execution of a specifically assigned work	112
Replacement contract	113
According to the gender and by level of education
Male	120	14.340	4.287	16.821,2
primary education	1200	10.501	3.424	12.478,1
secondary education	1201	2.006	721	2.432,8
higher education (non-university)	1202	563	71	605,4
university education	1203	1.270	71	1.304,9
Female	121	5.363	4.122	7.793,4
primary education	1210	2.773	2.455	4.181,5
secondary education	1211	1.611	1.428	2.470,7
higher education (non-university)	1212	409	129	494,9
university education	1213	570	110	646,3
By professional category
Management staff	130	83	2	83,9
Employees	134	19.450	7.938	24.116,9
Workers	132	170	469	413,8
Other	133

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE ENTERPRISE'S DISPOSAL

During the period	Codes	1. Temporary personnel	2. Persons placed at the disposal of the enterprise
Average number of employees	150	603,0
Number of hours actually worked	151	1.192.201
Charges of the enterprise	152	28.077.891,69

TABLE OF PERSONNEL CHANGES DURING THE PERIOD

ENTRIES	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
The number of employees for whom the company has submitted a DIMONA declaration or are recorded in the personnel register during the financial year in the general personnel register	205	6.621	235	6.751,8
By nature of the employment contract
Contract for an indefinite period	210	1.452	201	1.565,8
Contract for a definite period	211	5.169	34	5.186,0
Contract for the execution of a specifically assigned work	212
Replacement contract	213

DEPARTURES	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
The number of employees with a in the DIMONA declaration indicated or in the general personnel register listed date of termination of the contract during the financial year	305	6.752	1.374	7.267,7
By nature of the employment contract
Contract for an indefinite period	310	1.529	1.354	2.035,7
Contract for a definite period	311	5.223	20	5.232,0
Contract for the execution of a specifically assigned work .	312
Replacement contract	313
According to the reason for termination of the employment contract
Retirement	340	786	884	1.167,9
Unemployment with company allowance	341
Dismissal	342	519	149	588,7
Other reason	343	5.447	341	5.511,1
Of which the number of persons who continue to render services to the enterprise at least half-time on a self-employed basis	350

INFORMATION WITH REGARD TO TRAINING RECEIVED BY EMPLOYEES DURING THE PERIOD

Total number of official advanced professional training projects at company expense	Codes	Male	Codes	Female
Number of participating employees	5801	12.683	5811	6.736
Number of training hours	5802	113.642	5812	86.129
Costs for the company	5803	9.376.259,00	5813	7.106.221,00
of which gross costs directly linked to the training	58031	9.376.259,00	58131	7.106.221,00
of which paid contributions and deposits in collective funds	58032		58132
of which received subsidies (to be deducted)	58033		58133
Total number of less official and unofficial advance professional training projects at company expense
Number of participating employees	5821	15.996	5831	8.613
Number of training hours	5822	260.435	5832	140.234
Costs for the company	5823	8.112.647,00	5833	4.368.349,00
Total number of initial professional training projects at company expense
Number of participating employees	5841		5851
Number of training hours	5842		5852
Costs for the company	5843		5853

VALUATION RULES

I. Principle

--

The valuation rules are determined according to the provisions of chapter II of the Royal Decree of 30 January 2001 in implementation of Company Law.

In respect of the requirement of a true and fair view the valuation rules of this Decree shall be deviated from in the following exceptional cases:

Reasons for the deviation:

The effects of the deviation on assets and liabilities, financial position and the result before taxation of the enterprise are as follows:

The valuation rules are (changed) (not changed) in wording and application as compared to the preceding financial period; if so, the change related to:

and has a EUR. (positive) (negative) effect on the result for the financial period before taxation to the amount of

(is) the material effect results from: The income statement (is not) significantly effected by income or charges relating to a previous financial period; if so,

The figures of the financial period are not comparable with those of the preceding financial period for the following reason:

(To compare the annual accounts of both financial periods involved following information should be taken into account): (In order to maintain comparability the figures of the preceding financial period are adjusted regarding to following reasons)

In absence of objective standards of appraisal following valuation of foreseeable liabilities, contingent losses and diminuations in value is inevitably uncertain:

Other information necessary to give a true and fair view of the enterprise's liabilities, financial position and result:

2. Fixed assets

Formation expenses:

Formation expenses are charged against income except for following costs capitalised:

Reorganization costs:

The reorganization costs are (not capitalised) (capitalised) during the financial period; if so, this is justified as follows:

Intangible fixed assets:

The amount of intangible assets includes EUR research and development costs. Depreciation of these costs and the depreciations for goodwill are charged over a period of (more than) (not more than) 5 years; if more than 5 years the period involved is justified as follows :

Tangible fixed assets:

During the financial period the tangible assets (are) (are not) revalued; if so, the revaluation if justified are as follows:

VALUATION RULES

Depreciation recorded during the financial period:

	Method	Basis	Depreciation rate
S (straightline) Assets R (reducing balance) O (other)		NR (not revalued) R (revalued)	Principal costs Min. - Max.	Ancillary costs Min. - Max.
1. Formation expenses
Restructuration expenses	S	NR	20,00 - 20,00	20,00 - 20,00
2. Intangible fixed assets
Intangible fixed assets	S	NR	20,00 - 33,33	20,00 - 33,33
3. Buildings*
Buildings	S	NR	3,33 - 10,00	3,33 - 10,00
4. Plant, machinery and equipments *
Plant, machinery and equipments	S	NR	10,00 - 10,00	10,00 - 10,00
5. Vehicles*
Vehicles	S	NR	10,00 - 25,00	10,00 - 25,00
6. Office furniture *
Office furniture	S	NR	10,00 - 10,00	10,00 - 10,00
7. Other tangible fixed assets
Other tangible fixed assets	S	NR	10,00 - 10,00	10,00 - 10,00

* Including leased assets wich should be disclosed on a separate line.

Tax deductible accelerated depreciation in excess of depreciation based on economic circumstances:

• amount for the financial period: EUR.

• cumulative amount regarding tangible assets acquired as of the financial period beginning after December 31, 1983:

Financial fixed assets:

During the financial period investments (are) (are not) revalued; if so, the revaluation is justified as follows:

3. Current assets

Inventories:

Inventories are valued at acquisition cost (to be disclosed) method, Fifo, Lifo, by identifying individually the price of each element or by the lower market value determined according to the method of the weighted average price

1. Raw materials and consumables:

Raw materials : purchase price Consumables : purchase price Uniform supplies : purchase price

1. Work in progress - finished goods:

Production cost or market value if inferior Postal stamps : printing cost

1. Goods purchased for resale:

Evaluated at purchase or market price FIFO method

1. Immovable property intended for sale:

Production cost or market value if inferior

Products:

• costs that are only indirectly attributable to the product. - Production costs (include) (do not include)
• Production costs of stock and work in progress the production of which exceeds more than one year on capital borrowed to finance the production. (includes) (does not include)

Stocks total valued at market value amount to % of its book value at the end of the financial period.

(This information is only required in the event of a substantial difference).

EUR.

VALUATION RULES

Contracts in progress:

Contracts in progress are valued (at production cost)

(at production cost increased by a portion of the profit according to the state of completion of the contract).

4. Liabilities

Debts:

(has) been recognised and capitalised. (has not) Liabilities (include) (do not include) long-term debts, bearing no interests or at an unusual low interest; if so, a discount

Foreign currencies:

Debts, liabilities and commitments denominated in foreign currencies are translated in EUR using following criteria:

Exchange differences have been disclosed in the annual accounts as follows:

Leasing agreements:

Concerning the rights to use property not capitalised (art. 102, § 1 of the Royal Decree of 30 January 2001 in implementation of consideration and rental relating to the financial period if the leased immovable property, amount to: Company Law), EUR.